WideOpenWest Inc Stock Forecast
WideOpenWest Inc stock price ended at $3.45 on Thursday, after gaining 0.88%.
(Updated on Apr 18, 2024)
The WideOpenWest Inc stock price gained 0.88% on the last trading day (Thursday, 18th Apr 2024), rising from $3.42 to $3.45. During the last trading day the stock fluctuated 4.28% from a day low at $3.39 to a day high of $3.53. The price has fallen in 7 of the last 10 days and is down by -5.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 274 thousand shares were bought and sold for approximately $945.65 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.58% during the next 3 months and, with a 90% probability hold a price between $2.82 and $3.90 at the end of this 3-month period.
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WOW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). WideOpenWest Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WideOpenWest Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.56 and $3.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -11.08%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for WideOpenWest Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.07 and $3.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, WideOpenWest Inc finds support just below today's level at $3.07. If this is broken, then the next support from accumulated volume will be at $3.04 and $3.03.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.145 between high and low, or 4.28%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WOW) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect WideOpenWest Inc to open at $3.46, and during the day (based on 14 day Average True Range), to move between $3.26 and $3.64, which gives a possible trading interval of +/-$0.190 (+/-5.52%) up or down from last closing price. If WideOpenWest Inc takes out the full calculated possible swing range there will be an estimated 11.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.64 (5.51%) than the support at $3.07 (11.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is WideOpenWest Inc stock A Buy?
WideOpenWest Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.423 Sell Candidate Unchanged
Predicted Opening Price for WideOpenWest Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$3.46 ( 0.145%) | $3.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WOW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.60 | 4.35 % | |
R2 | 3.54 | 2.74 % | ||
R1 | 3.51 | 1.75 % | ||
Current price: | 3.45 | |||
Support | S1 | 3.40 | -1.46 % | |
S2 | 3.37 | -2.45 % | ||
S3 | 3.31 | -4.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.20 | 21.74 % | |
R2 | 3.86 | 11.88 % | ||
R1 | 3.64 | 5.51 % | ||
Current price | 3.45 | |||
Support | S1 | 3.07 | -11.01% | |
S2 | 3.04 | -11.88% | ||
S3 | 3.03 | -12.17% |
FAQ
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